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Stellantis CEO Urges Stronger Manufacturing Incentives in Europe

CNBC ·

STLA
STLA Stellantis N.V
$4.48 -0.88%
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  1. 1The Stellantis CEO called on European regulators to establish stronger incentives for vehicle manufacturing within the region.
  2. 2Stellantis shares have fallen nearly 60% since the beginning of this year.
  3. 3Stellantis is currently executing a $70 billion turnaround strategy.

So what's the key point?

The head of Stellantis requested more support for making cars in Europe. The stock price has dropped about 60% this year, so the company is working on a $70 billion strategy.

Source CNBC · View original ↗

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